Audit & Accounting

The Public Company Accounting Oversight Board has issued for public comment a set of proposed audit and attestation standards for audit engagements of broker-dealers.

The Financial Accounting Standards Board has begun developing a “differential framework” that would help provide a short-term solution for creating distinct standards or exceptions for private companies.

The Governmental Accounting Standards Board issued a “preliminary views” document Monday on the recognition and measurement of elements of financial statements.

The Governmental Accounting Standards Board is proposing some far-reaching changes in the field of pension accounting that should affect public employees and state and local governments across the country.

The Governmental Accounting Standards Board has issued two exposure drafts proposing improvements to financial reporting of pensions by state and local governments.

The International Accounting Education Standards Board has proposed a set of clarified standards and revisions governing the practical experience requirements for aspiring professional accountants.

JULY

The Securities and Exchange Commission held a roundtable discussion Thursday on International Financial Reporting Standards and how they ultimately might be incorporated into the U.S. financial reporting system.

Check out the digital edition of the July 2011 issue of Accounting Today.

Officials from the Securities and Exchange Commission and the Public Company Accounting Oversight Board are heading to China later this month to meet with officials there to try to resolve the growing problems with audits of U.S.-listed Chinese companies.